AICPA Gaming Audit & Accounting Guide
Some updates in the 2017 Guide • Clarification that cash sales incentives/change in progressive jackpot liabilities should be accounted for as a contra revenue. • Clarification is provided that adjustments to chip/token floats due to breakage estimates or chip line discontinuation are to be recorded as a component of net gaming revenues. • Using the work of internal auditors • Illustrative financial statements
BlueBird CPAs
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